Powerhouse Energy Share Discussion Threads

[vatnabrekk] 07/3/2019 15:21

It's a good thing that we've got JackNife on here to keep us right.

[lagosboy] 07/3/2019 14:53

Covered - so who is raising the money to build the first 6 units, W2T or Phe or this provided by the end user ?

W2T only appear to be seeking to raising £1 m but after 18nmonths and 8 revisions still no takers?

Dilution - the company's worth £8m, barely tardes at its nominal value - shareholders will be diluted to Kingdom Come, W2T monthly consultancy fee is almost an irrelevancy. He's talking about the £20,000 of share certs printed every month not te 50% profit share arrangements.

Anyone know when the Toyota meeting is ?

[linesal2] 07/3/2019 14:49

Extract from contract:The terms of the contract are such that Waste2tricity will initially be compensated in PowerHouse
shares for its fees of £20,000 per month to be issued on a monthly basis. 51 per cent. of the shares will
be restricted until a final investment decision on a commercial project is reached. Subsequent to
successful project development, and after each party recovers its project-related costs (including
PowerHouse recovering the expense of the shares issued,).

[cmackay] 07/3/2019 14:49

I wonder if anyone can help; this thing in Indonesia, is it a government body that is organising it, or a private sector organisation?

[linesal2] 07/3/2019 14:46

Consultancy costs will not be paid until first unit is sold and all costs recovered and no dilution to shareholders-This is written into the W2T contract.

[slartybartfaster] 07/3/2019 14:31

Do some research before talking BS. Rollout for the first 6 DMGs are covered. The only dilution seems to be consultancy costs to W2T. I'm sure there will be another placing but it won't be for what the shorters argue its for.

[linesal2] 07/3/2019 14:23

All will be known in due course.
agree it is a poorly controlled document even if only intended for internal.

[lagosboy] 07/3/2019 14:05

Another confused shambolic document released by W2T.

What I find most distasteful is the manner in which Phe/W2T appear to be circumventing good governance and AIM market rules by selectively making announcements or releasing plans to raise a million quid.

No need for anyone to be notified of a meeting with Toyota in my book, until such time that the outcome is known. Just leads to unnecessary speculation.

However if you are running out of cash and may need to get a Placing away I can see why such news of a meeting might be made.

[supernumerary] 07/3/2019 13:51

And on Page 20 it gives shareholders for January 2009!

Dates all over the place. Obviously been updated for every presentation over the last 12 months, with the usual punctilious regard for accuracy. Not surprising they never got funds with such a ramshackle document.

[linesal2] 07/3/2019 13:44

Why should you be made aware of a meeting with Toyota Lagos? and would agree the dates wrong as page 5 footer stipulates Sept 18.

[lagosboy] 07/3/2019 13:37

This is a document relevant to W2T trying to raise a million quid.

W2T is unlisted and as such can pretty much do as it pleases as per the disclaimer on page 2 which makes it clear that the document is intended only for existing members of the company.

Despite the 8 revisions and the passing of at least 18 months since Whitey began his flight of fancy, he has failed to raise a single penny from a single investor.

Hardly surprising though, W2T has never generated any income, has no capital and never brought a single project to market.

If a document is dated 18th Feb 2018, under normal protocols that refers to the position as at that date,so unless you are contending old Whitey has physic powers which enable him to predict the future the date is either wrong or HoT were expected in Q2 2018.

As far as I am aware W2T have not even had a meeting with Toyota.

[noirua] 07/3/2019 13:35

If trading continues to pick up the spread at 0.51p - 0.55p could easily move to 0.54p - 0.56p.

[billthebank] 07/3/2019 13:26

Huuuge spread though so no poi t in trading it

[noirua] 07/3/2019 13:24

Next stop is 0.6p on the chart.

[billthebank] 07/3/2019 13:22

Life in the old dog yet!!!!

[vatnabrekk] 07/3/2019 13:03

You're right lines, the original doc was a year ago, but this statement about the HoT is recent.
So maybe I was too quick to apologise for the error!

[linesal2] 07/3/2019 13:00

You don't have to disclose a draft document.

[nelson5100] 07/3/2019 12:48

If anything was of commercial and market sensitive then it would have had to been disclosed by RNS to the market.

[linesal2] 07/3/2019 12:46

If you look it has been updated sept 2018 regards Japan (at the foot of page 5 it is the 8th revision since Feb 18).

[vatnabrekk] 07/3/2019 12:35

Whoops, sorry, didn't notice that it was over a year old. Not deliberate!.

[tsmith2] 07/3/2019 12:31

sorry just seen date. IGNORE MY PREVIOUS ENTRY

[steverabet] 07/3/2019 12:30

shameless ramping. that document is well over a year old, and it contains little more than speculation

[tsmith2] 07/3/2019 12:12

Toyota Tsusho – NDA signed, technology reviewed & Toyota Tsusho has issued draft HoT which will be discussed and signed in Q1/2!